Quaint Oak Q4 net income falls 41.9% to $1.2M; FY net income up 22.8% to $7.9M

QUAINT OAK BANCORP, INC.

2022-FY EPS reported $3.65

Q4 net income $1.2M ($0.58 basic EPS) vs $2.1M ($1.04) a year ago; decrease driven by higher non-interest expense and lower non-interest income.
Full-year 2022 net income $7.9M ($3.85 basic EPS), up 22.8% from $6.4M ($3.21) in 2021; net interest income and non-interest income rose.
Total assets grew 43.0% to $792.4M; loans receivable net increased 53.9% and loans held for sale rose 23.6%.
Non-performing assets were 0.30% of total assets at Dec. 31, 2022; Texas ratio 3.93%; allowance for loan losses at 1.22%.
Quarterly cash dividend of $0.13/share declared, payable Feb. 6, 2023 to holders of record Jan. 23, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUAINT OAK BANCORP, INC. reported the quarter ended December 31, 2022 results: net income $1.2 million, EPS $0.58 per basic and $0.56 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $1.2 million
EPS: $0.58 per basic and $0.56 per diluted share
Result: reported results

Exact text from the filing

Net income for the quarter ended December 31, 2022 was $1.2 million, or $0.58 per basic and $0.56 per diluted share, compared to $2.1 million, or $1.04 per basic and $0.98 per diluted share for the same period in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUAINT OAK BANCORP, INC. reported the year ended December 31, 2022 results: net income $7.9 million, EPS $3.85 per basic and $3.65 per diluted share.

Period: the year ended December 31, 2022
Net income: $7.9 million
EPS: $3.85 per basic and $3.65 per diluted share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2022 was $7.9 million, or $3.85 per basic and $3.65 per diluted share, compared to $6.4 million, or $3.21 per basic and $3.06 per diluted share for the same period in 2021.

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QUAINT OAK BANCORP, INC. filing history →

Source: SEC EDGAR

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